Superdry says a big clearance sale could be needed to improve its cash position as revenue fell by 23.5% in the six months to 28 October and it continued to warn of the risk of going bust this year.
Revenue was £219.8 million, as unseasonably warm weather hit sales, as previously warned. The business turned a profit of £3.3 million, but only because of the money it made from selling its IP rights in Asia.
